I think Oct 15th would be a better estimate for Sigma Labs to reach 27 cents. Between now and then, Rockville Asset Management has the right to continue to buy privately offered shares at 15 cents, which they are most certainly going to do (up to 14,259,259 shares). They've already purchased 43,750,000 shares, so if this stock starts to go a few cents above 15 cents, they are going to take profits so they can purchase more shares. Don't expect this thing to move much until Rockville is done buying and Sigma Labs is done dilluting.
I authored the January 23 article on Seeking Alpha (Market Cuts Both Ways) since I have been a long time investor in SGLB and no one had posted a reasonable summary on what I believe is a uniquely interesting investment play in 3D Printing's disruption of the manufacturing, logistics, and R&D functions of modern business. My estimate of three months (yes that would be April 24) for SGLB to exceed it previous high was based on my expectation that this year is a break out year for them for the reasons specified in the article -- Sigma Labs: Seizing Alpha In 3-D Printing. The day the article was submitted SGLB had just rose from 0.12 to 0.17 (in two days) and seemed like it was moving fast. I believed, optimistically, that it was the start of a strong rally and consequently suggested that in at least the next 3 months, given that earnings would by then be announced, it would exceed its peak.
Since late January, the NASDAQ and 3D Printing stocks have been in decline which has had its effect on SGLB. I continue to hold my shares, however, knowing that this decline is driven by the market's trend and is not based on any changing fortunes of the company. SGLB's fortunes have never looked brighter. How many times have your read articles slamming the 3D Printing market's high valuations because investors are betting on consumer driven printer sales and then go on to say that the only profitable, disruptive market space is metal printing (i.e., aviation, aerospace, power generation, etc.)? When critics point to the bright space in 3D Printing investment they invariably point to Sigma's customers. When Sigma's news hits I remain confident their story will be trumpeted by the financial media because it is much different than DDD, SSYS, or any of the other OEMs, which will dramatically appreciate it share price. My guess is my timing may be off by as much a three months (pardon my exuberance) but the underlying investment thesis is correct.
Thank you for reading the article!
Sentiment: Strong Buy